Which of the Following Is False Regarding Proprietary Fund Accounting

Which of the following is false regarding proprietary fund accounting?

A) The economic resources measurement focus and accrual accounting are used.
B) Capital assets are recorded in the accounts and depreciated.
C) The Statement of Net Assets must be in a classified format, with current assets separated from noncurrent assets and current liabilities separated from noncurrent liabilities.
D) In the Statement of Net Assets, the net assets are reported as either reserved or unreserved.